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Morton's Manifesto

Morton's Manifesto image
Parent Issue
Public Domain
OCR Text

The Boston Globe says of Morton speech, whioh most of the adminiatratio journals are so diligcntly engaged i praising : The Indiana gentleman talles with th usual imposing vagueuess about the re turn of good times, the quantity of cur rency'needed for the business of thecoun try, and the necessity of having the bal anoe of trade in our favor. The man who has drifted into embarrassment and diffi culty by departing f rom the straight-for ward principies of honesty and fair-dealing, will find the quiokest way to restore 'good times " will be to provide as speedily as possiblo for making good his promises and rogaining the confidence of his fellow-men. The quantity of currenoy needed by the business of the country depends on its quality, and it can be regulated only when it rests on a definite basis of intrinsio valué. The balance of trade makes no sort of differeuce as to the ability or the necessity of a nation having a curreney based on Bpecie. If we are producing in this country as much as we are consuming, which we do not suppoae will be denied, we can certainly hold a sufficient value in our hands to sustain a sound medium of exchange. We are sorry that such a speech as that of Mr. Morton, so f ar as it relates to finance, could be reoeived, even in Indiana, without derision ; and it is certainly to be hoped, for the sake of the Kepublican party, which has achieved so much and has so much more that it might achieve, that it will not be led by such vain sophistries. A Maine man is out with a temperance lecture, the taking title of which is "How Goliah was killed with a Sling."


Old News
Michigan Argus